Precinct to cement Sydney’s reputation as an innovation capital

07 Aug, 2018

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No image of plans have yet been released to the public, image via. Pexels

The New South Wales Government has announced a collaboration with players in the Sydney tech industry to help design a brand new technology and innovation precinct, which will generate more jobs and cement Sydney’s reputation as the innovation capital of Australia.

The State Government said it will be working alongside some of Sydney’s tech industry players to get the most out of the technology and innovation precinct.

Jobs for NSW chair David Thodey will be leading a new government-led taskforce to design and develop the area, which will stretch from the Sydney Central to the inner-suburb Eveleigh. Representatives from University of Technology Sydney, University of Sydney and Sydney Business Chamber will join the government-led taskforce to work on the project, as well as industry experts from a wide range of Australian start-ups.

“If you look at every successful innovation hub in the world, from Silicon Valley to Tel Aviv, they all have a centre of gravity – a place the start-up community calls home,” commented Atlassian Co-Founder and co-CEO Scott Farquhar, who will be involved in the new project.

“Sydney has the potential to be of one of the world’s leading tech cities and the creation of a tech hub sends a very loud signal – not only to the country, but to the rest of the world – that we’re in the race,” he said.

Premier of New South Wales, Gladys Berejiklian earlier this morning said Sydney and NSW are generating the jobs of the future and the new precinct will help turbo-charge the economy. The initiative is expected to generate up to 10,000 new jobs by 2036.

“This will cement Sydney as the technology capital of Australia and create more secure jobs. Central to Eveleigh is already home to Australia’s largest cluster of start-up firms. We want to use that as a base to grow new jobs and new businesses,” the Premier said.

Minister for Trade and Industry Niall Blair said the project is more about sharing a vision for NSW’s tech sector over the next 30 years rather than just focusing on a new and innovative tech location.

“We know that government can’t do that alone and we need to work with the firms that are driving innovation today, and those that will be delivering the opportunities of tomorrow,” Mr Blair said.

No news about construction has been released as of yet, more information on this announcement can be found here.

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Sage Media Group is based in Australia, specialising in trade publications across both print and digital media. National Resources Review is the flagship masthead and Build Australia is the company’s second title.